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Procurement Market Intelligence Report

Flow Measurement Instrumentation
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Flow Measurement Instrumentation?

What is the average price of Flow Measurement Instrumentation?

This procurement report includes pricing information to help you purchase Flow Measurement Instrumentation. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Flow Measurement Instrumentation been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Flow Measurement Instrumentation yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Flow Measurement Instrumentation?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Flow Measurement Instrumentation with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

ProcurementIQ estimates that there are about 339 suppliers in the US flow measurement instrumentation market, which is made up of specialist and multiline vendors. Overall market share concentration is low, with the top four vendors accounting for less than 30.0% of total market revenue. Buyers have more negotiation leverage in... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Quality Control

What manufacturing standards do you follow to produce your flow measurement devices?

What have you done to improve the reliability of your flow measurement devices during the past three years?

What are the most common types of failures for your instruments? How long after installation have they typically occurred?

Have you had to issue replacement or refunds because of faulty products in the past year?

What technical inspection process does your product undergo?

What internal and/or third-party testing procedures do you use to ensure product quality?

COVID-19

Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?

How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?

Amidst widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle changes in demand?

Related Goods

Do you offer any complementary products or services with the purchase of this flow measurement device? If so, what are they?

What additional products or services do you offer separate from the purchase of this flow measurement instrument?

Are there any incentives for repeat customers?

What promotional deals exist for bulk buyers?

Supplier Differentiation

What is your reputation like among competitors and customers and how have you developed it?

What sets your product apart from your competitors’?

What proprietary inputs/processes do you use that differentiate you from competitors?

Do you offer any value-added products or services that your competitors do not?

Experience

How long have you supplied flow measurement instrumentation? How long have you supplied flow measurement instrumentation specific to my industry?

Will you help design and build customized products?

How long have you provided flow measurement devices to your longest-tenured client?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Service & Maintenance

Do you offer maintenance and repair services? If not, can the service be included at an additional cost?

How quickly can your technicians be on-site if technical support or repair is required?

What is the anticipated useful life of your flow measurement devices?

Are there any instances or circumstances that would significantly reduce the useful life?

What measures do you recommend to prolong the useful life of your flow measurement instruments?

Cost Containment

How have fluctuations in input prices affected the prices of your flow measurement devices over the past three years?

How do you mitigate sudden price increases in raw materials?

How diversified is your supplier base for inputs?

When input costs rise, are you able to source the product from a different supplier to get lower pricing?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto customers?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their budgets for flow measurement instrumentation and any desired related services and goods.

Buyers should indicate when payment will occur, such as upon award of the contract or in installments over a period of time.

Selection Criteria

Buyers should look at the technical proposal to determine if the vendor meets the requirements of the RFP.

Buyers should evaluate vendors based on previous client testimonials and their ability to provide quality customer service.

Buyers should evaluate the cost proposal to determine if the vendor’s solution is within budget.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should provide the date and time when proposals are due and when award information will be available.

Buyers should include the RFP schedule and expected timeline for product delivery.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk for flow measurement instrumentation is moderate. Most supply chain risk stems from upstream suppliers. Major first tier suppliers, including sensor manufacturers, metal suppliers, and circuit board and electronic component manufacturers, provide the components needed to build flow measurement devices. The majority of the risk in the flow... Subscribe to learn more.

HIGH

MEDIUM

LOW